Employment of registered nurses is projected to grow 6 percent from 2021 to 2031, about as fast as the average for all occupations. U All programs include supervised clinical experience. Vacancy and turnover rates in 2021 were near or above record levels before the pandemic and have exceeded the 2020 levels. The average cost of turnover for a bedside RN is more than $46,000, costing the average hospital between $5.2 million and $9 million per year. PTO percentage of budget for each Cost Center from the pay period. endobj The average cost of turnover for a bedside RN is $40,038 and ranges from $28,400 to . The What They Do tab describes the typical duties and responsibilities of workers in the occupation, including what tools and equipment they use and how closely they are supervised. Nurses who work in offices, schools, and other places that do not provide 24-hour care are more likely to have regular business hours. This includes exploring new innovations in workforce recruitment and retention efforts. Register in seconds and access exclusive features. They provide direct patient care in one of many nursing specialties, such as psychiatric-mental health or pediatrics. While health care organizations were quick to meet the demand for increased patient care during the pandemic, their focus now is shifting to the future of health care delivery. Last Modified Date: The employment, or size, of this occupation in 2021, which is the base year of the 2021-31 employment projections. As is being demonstrated within the incumbent workforce, career ladders, institutional cultural change and innovative retention strategies can help provide a bridge during the worker supply and demand imbalance. Total Vacant FTE for each Cost Center from the pay period. The number of employees who left voluntary divided by the number of employees you had during your calculation period times 100 equals the voluntary turnover rate. There were 10,424 nursing students enrolled in 2020; however, 1,296 qualified applicants were turned away. Neonatal nurses take care of newborn babies who have health issues. Job growth is expected across most types of healthcare settings, including hospitals and outpatient care centers that provide same-day services, such as chemotherapy, rehabilitation, and surgery. The data indicate that both turnover and vacancy rates among all professions surveyed reached an all-time high statewide. For example, an employee has an annual salary of $82,000, is away for three months on maternity leave, continues to receive compensation during her leave, and a replacement vacancy FTE is generated for her position. The evolving health care landscape requires continuous learning; we keep you informed through relevant education and insight. A simple turnover rate is 50 divided by 175, which equals 28.6 percent. Take the same example and look at who left voluntarily. The American Organization of Nurse Executives (AONE) reported vacancy rates for nurse managers are on average as high as 8.3% nationwide. Aug 6, 2021. You need at least a Starter Account to use this feature. They may be on call, which means that they are on duty and must be available to work on short notice. The Missouri State Board of Nursing 2020 Annual Report indicates that of the 90 Missouri pre-licensure nursing programs, there are at least 45 unfilled full-time and 44 open part-time/adjunct nurse faculty positions. Consequently, the annual and monthly compensation for the position is: Employee on maternity leave: $82,000.00 (annual); $6,833.00 (monthly) Replacement employee working during the three months of the original employee's maternity leave: $20,499.00. An additional one-third leave within 2 years. Applies only to the Position and Employee configuration option. March 1, 2021. It is the . Your tenure rate can be calculated by months, years, or other time periods. According to the 2019 National Healthcare Retention & RN Staffing Report, it costs between $40,300 and $64,000 to replace . dq;g&5j%TtH!dqX~O2[a lf9R'W.}L g-#3Jk,d\F1 J=S3xWas4/C2EI[5}yUZXj3,$t+K4h5Do1JP8uc3r0a|jlI('uvW~gr|r8zi%:=qaHVn5c@wG(0=r079f1[SZ]EN0Va%{za!K0V9)eRR4xj:iaT+C45,r^,}}&MXSN} They may work nights, weekends, and holidays. Accessed March 01, 2023. https://www.statista.com/statistics/1251419/vacancy-rate-of-registered-nurses-in-hospitals-in-the-united-states/, NSI nursing solutions. If employees are terminated or transferred, the position's vacancy portion of FTE is added to vacancy. In management, nurses may advance from assistant clinical nurse manager, charge nurse, or head nurse to more senior-level administrative roles, such as assistant director or director of nursing, vice president of nursing, or chief nursing officer. Payers could use functional status information to adjust payment levels and capitation rates. Nursing vacancy rates skyrocketed across the province during the pandemic. That 13-point increase suggests that the total number of nursing home residents across the state, which is normally about 100,000, had declined by roughly 13,000 in the space of nine weeks. What does nurse turnover rate mean and what is the rate? 1277 Words. The previous calculation shows the entire turnover rate, but not all turnover is voluntary. Social workers help peopleprevent and cope with problems in their everyday lives. There are several model of delivering nursing care available to health care institutions. In this section, youll find information about all the good work hospitals do outside their four walls. Trends in Nursing Faculty Vacancies (2016-2020) Figure 2. Voluntary turnover is when the employee chooses to leave. This is calculated by dividing the period of time you are using (12 in this case for an annual calculation) and then multiplying by ten which is 0.3333%. Front-line health care workers are facing burnout after nearly two years of pandemic response. stream The national hospital turnover rate is 19.5%, with the median and mode recorded at 18.8% and 17.5%, respectively. Number of stayers. At Sunnybrook Health Sciences Centre, the nursing vacancy rate is 18.6 per cent, a "much higher rate than what we've ever experienced in the past," says Ru Taggar, the hospital's executive . They may be on call, which means that they are on duty and must be available to work on short notice. There are far fewer diploma programs than there are BSN, ADN, and ASN programs. Additional training needed (postemployment) to attain competency in the skills needed in this occupation. For more information on the NCLEX-RN and a list of state boards of nursing, visit the National Council of State Boards of Nursing. In addition to science courses, bachelor'sdegree programs usually include education incommunication, leadership, and critical thinking. Functional cookies to enhance your experience (e.g. . The total FTE for the employees assigned to a position cannot exceed the total FTE for the position. %L Before sharing sensitive information, Your retention rate is 90 percent. Some employers offer tuition reimbursement. Emotional stability. CNSs who conduct research typically need a doctoral degree. 5 0 obj Nephrology nurses care for patients who have kidney-related health issues stemming from diabetes, high blood pressure, substance abuse, or other causes. Creating a sustainable hospital workforce will require innovation and investment. Workforce. For the Position and employee configuration option: If employees are absent due to maternity or short-term disability, you can update their position FTE to create a replacement FTE that can be temporarily filled by another employee until the absent employee returns to work. Examples are provided. Some nurses do not work directly with patients, but they must still have an active registered nurse license. With experience, good performance, and continuing education, they can move to other settings or be promoted to positions with more responsibility. senior vice president and chief nursing . Cardiovascular nurses care for patients who have heart disease or heart conditions and people who have had heart surgery. Median wage data are from the BLS Occupational Employment and Wage Statistics survey. This record high rate vacancies brings the total rate . In 2021, 8 percent of full-time faculty positions were vacant in U.S nursing schools (Figure 1). Get full access to all features within our Business Solutions. Click here to download these FREE programs now. Data from NHS England and NHS Improvement. They may work nights, weekends, and holidays. We'll assume it was available to rent for the entire year: 365 days [40 days (the first tenant's lease) + 90 days (your new tenant's lease)] = 365 days 130 days = 235 days. Job Vacancy Rate. Clinical nurse specialists (CNSs) are a type of advanced practice registered nurse (APRN). However, employersparticularly those in hospitalsmay require a bachelors degree. Assess patient health problems and needs, develop and implement nursing care plans, and maintain medical records. remember settings . Empty or vacant headcount loaded from HRMS are approved, but further employee assignments in Public Sector Planning and Budgeting are unapproved. Currently, this stands at 17%, up 7.1 points from last year, with over eighty percent (81.3%) reporting a vacancy rate in excess of ten percent. How to use Job Vacancy Rate Calculator Excel Template. 2017 Hospital Nurse Staffing Survey: Vacancy and Turnover (Report-PDF, 1.02 MB) 2017 Hospital Nurse Staffing Survey: Recruitment and Retention (Report-PDF, 897 KB) 2017 Hospital Nurse Staffing Survey: Transition to Practice (Report-PDF, 1.12 MB) 2017 Hospital Nurse Staffing Survey: Rural and Critical Access Hospitals (Report-PDF, 1.0 MB) Please create an employee account to be able to mark statistics as favorites. We want to help you find the right job. Better Essays. If you have 100 employees starting the first day of the month, and 90 employees at the end of the month, you have lost 10 of employees. Following this trend, the adult social care, and public admin and defence vacancy rate also increased over time. There are links in the left-hand side menu to compare occupational employment by state and occupational wages by local area or metro area. Now, following the steps explained above, we apply this formula: Vacancy Rate = Vacant Units in the Building * 100 / Total Number of Units in the Building. Generally, licensed graduates of any of the three types of education programs (bachelors, associates, or diploma) qualify for entry-level positions as a staff nurse. The most up to date statistics show that there were 46,828 registered nurse vacancies in the NHS between April and June 2022, compared to only 38,814 during the same period in 2021. VUMC Finance at beginning of each Fiscal Year. FTE and Short-Term Disability, and Maternity Leave. Policy Polit Nurs Pract. The following list includes some examples: Addiction nurses care for patients who need help to overcome addictions to alcohol, drugs, and other substances. The State and Area Data tab provides links to state and area occupational data from the Occupational Employment and Wage Statistics (OEWS) program, state projections data from Projections Central, and occupational information from the Department of Labor's CareerOneStop. Approved headcountHeadcount is loaded from HRMS in addition to accepted employee-position assignments made during the budget year. Organizational skills. The commercial vacancy rates in Connacht and Ulster were above the national average of 13.5%, while Munster was equal to the national average. % These databooks present short stay rehospitalization rates, and long stay hospitalization rates. Nursing education programs usually include courses in anatomy, physiology, microbiology psychology, and social and behavioral sciences. Set the status as active to have their compensation calculated during a particular period of time, Set the status as inactive to not calculate or pay their compensation during a particular time period, Include or exclude the compensation expenses from budget calculations. You can then temporarily assign other employees to the position until the absent employees return. (March 1, 2021). Solution: Information required: Total number of vacant units in the building = 8. Registered nurses usually take one of three education paths: a bachelors degree in nursing, an associates degree in nursing, or a diploma from an approved nursing program. <>/Metadata 1066 0 R/ViewerPreferences 1067 0 R>> . Tenure is the length of time an employee has worked for an organization. Times 100. In May 2021, the median annual wages for registered nurses in the top industries in which they worked were as follows: Nurses who work in hospitals and nursing care facilities usually work in shifts to provide round-the-clock coverage. The link(s) below go to OEWS data maps for employment and wages by state and area. endobj They may also run health screenings, immunization clinics, blood drives, or other community outreach programs. This year's report finds staff nurse vacancy at 19.8% an increase from 12% in 2021 the highest it's been in the history of this survey. The How to Become One tab describes how to prepare for a job in the occupation. You must enter percentage values for additional earnings and benefits calculations as decimals. To become licensed, nurses must graduate from an approved nursing program and pass the National Council Licensure Examination (NCLEX-RN). "Is this a functional housing market if the number of units just sitting vacant out there . My Reports > Schedule and Staffing Reports > Scheduled Time Code by Team Report. Dental hygienists examine patients for signs of oral diseases, such as gingivitis, and provide preventive care, including oral hygiene. Both turnover and vacancy rates have reached an all-time high in all professions surveyed, with the statewide vacancy rate increasing by 87% since 2020. . APRNs may provide primary and specialty care, and in many states they may prescribe medications. A calculation on longevity (total number of months worked before quitting) may highlight the point at which employees fall off, allowing you to rethink your organizational response. The careers included in the tables are listed in order of highest to lowest percent. They are vulnerable to back injuries because they often must lift and move patients. The system's functional vacancy rate that month, a calculation that doesn't just look at open jobs but factors in people unavailable because they're sick, in a COVID-19 quarantine protocol . PTO FTE for each Cost Center from the pay period. The ideal entry-level account for individual users. Registered nurse turnover is an important indicator of the nurse job market. This template consists of two sections: Job Vacancy Rate; Monthly Job Vacancy Rate; 1. This fills the FTE and reduces the vacancy portion of the position. Taking a closer look at the 2021 survey, we do see that faculty vacancy rates vary by region. Note: All Occupations includes all occupations in the U.S. Economy.Source: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics. Examples of care delivery models are Case method model . Many of those openings are expected to result from the need to replace workers who transfer to different occupations or exit the labor force, such as to retire. By default, the replacement employee receives, for the three months they work until the original employee returns from leave, the same annual salary. Not update the position's FTE to have another employee already assigned to the position perform, being compensated accordingly, the work of the absent employee. The CBC's Brett Ruskin in Halifax says the nursing shortage in Nova Scotia is so severe that some units in some hospitals have an 80 per cent vacancy rate. ple's functional status could help health care organizations predict service utilization and resource use. endobj <> Vanderbilt, Vanderbilt University Medical Center, V Oak Leaf Design, Monroe Carell Jr. Childrens Hospital at Vanderbilt and Vanderbilt Health are trademarks of The Vanderbilt University. For example, if you load a position with a headcount of six to which four employees are assigned, the remaining vacancy of two is approved. This tab can include information on education, training, work experience, licensing and certification, and important qualities that are required or helpful for entering or working in the occupation. Number of personnel at beginning of period. Nurse anesthetists, nurse midwives, and nurse practitioners coordinate patient care and may provide primary and specialty healthcare. Total headcountThe existing loaded headcount in addition to approved headcount. You can only download this statistic as a Premium user. Nurses who work in offices, schools, and other places that do not provide 24-hour care are more likely to work regular business hours. ", NSI nursing solutions, Vacancy rate of registered nurses in hospitals in the United States in 2021, by vacancy range Statista, https://www.statista.com/statistics/1251419/vacancy-rate-of-registered-nurses-in-hospitals-in-the-united-states/ (last visited March 01, 2023), Vacancy rate of registered nurses in hospitals in the United States in 2021, by vacancy range [Graph], NSI nursing solutions, March 1, 2021. The reasons for voluntary turnover vary, and it can be caused by a number of factors. Budgeted FTE-Filled FTE. There is a growing commitment to investing in todays workers while fostering opportunities for tomorrows workers. Registered nurses must be able to effectively communicate with patients to understand their concerns and assess their health conditions. SOURCE: U.S. Bureau of Labor Statistics, Employment Projections program. Specify headcount to positions in HRMS to accommodate future employee assignments before loading positions. For these positions, budget expenses are calculated for assigned employees, and vacant expenses do not exist. Patient care is your mission; helping hospitals treat patients is ours. This fact is compounded by the intent of the largest group of nurse managers with long career and organizational experience and higher levels of organizational commitment to retire in about 10 years. Nurse Resident Filled FTE numbers for each Cost Center from the pay period. Vacant FTE for each Cost Center from the pay period. The 2021 NSI National Health Care Retention & RN Staffing Report found that since 2016, the average hospital has turned over about 83% of its RN staff and 90% of its overall workforce, with the cost of turnover for a bedside RN ranging between $28,400 and $51,700 - enough to cause many hospitals to lose between $3.6 and $6.5 million per year. The number of employed nurses in each state compared to its population creates a healthcare deficit. This figure reflects a 12% increase from the last data set in March 2021 . Mandated nurse staffing ratios do not create more nurses. to incorporate the statistic into your presentation at any time. Included in Budget FTE and Filled FTE. The turnover rate for bedside RNs is 14.6%, down from 17.2% in 2015. The median wage is the wage at which half the workers in an occupation earned more than that amount and half earned less. Purpose: This study proposes and tests a conceptual model showing the relationships of organization-market fit and three local labor market factors with organizational turnover and vacancy rates. FMLA percentage of budget for each Cost Center from the pay period. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Job Outlook. Overtime is budgeted separately from salary, and paid at a higher rate (typically, 1.5 times or two times the hourly rate). Clinical nurse specialists (CNSs) must earn a masters degree in nursing and typically already have 1 year or more of work experience as an RN or in a related field. The NHS workforce is under extreme . 5sGjfxPQT@'v f'EU` X6(zi%YK:2CP0 s\ cs?3S(TeiaYwOraNDEUGP .qm*]3?/s eO3tK|r[YVFpKUV|:pFv?4YQSxPV[%+ESmB}*Q$%dfhsJ]N)-%V%*T}NbVf(xN1j@j4eN2_bbT5f)0[ 6C)M Y*NPLt YJNN A:s+4v~I=Tfq"(#gD3E@MWT#]2Q='/~tK~JS|baM9c:lRd#hjo@GYY\$Zdyu>%vkbA),_V@CJW4bq2*G Government faces questions over 'barely changing' nurse vacancy rate | Nursing Times. In comparison, Leinster (12.3%) and Leinster, excluding Dublin, (12.7%) recorded vacancy rates below the national average. Annual staff turnover remains problematic: MH Directors 39%, MH Counselors - 29%, Psychiatrists - 56% and psychologists 22%. This can be applied to any characteristic, for example, voluntary turnover by supervisor, longevity, or shift work. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 60m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. Registered nurses held about 3.1 million jobs in 2021. They often serve in leadership roles and may educate and advise other nursing staff. Proposed headcountThe number of newly assigned employees to approved or unapproved positions in the budget year. The Winnipeg Regional Health Authority reported 1,283 empty positions a vacancy rate of 16.7 per cent in January, according to a breakdown the Manitoba NDP obtained through a freedom of . Here is how you know. In order to find out how long your employees stay at your organization, you will need to calculate the average tenure. Or, you may wish to determine your overall vacancy rate to see if there is a trend in your organization. The sum of months worked by leavers who worked in the last 12 months and resigned before today divided by the total number of leavers who worked in the last 12 months and resigned before today equals the average tenure of employees who have left over the previous 12 months. Look at the 2021 survey, we do see that faculty vacancy skyrocketed. Take the same example and look at who left voluntarily /Metadata 1066 0 R/ViewerPreferences 1067 R... Were turned away immunization clinics, blood drives, or shift work and critical thinking Monthly. Headcountheadcount is loaded from HRMS are approved, but not all turnover is when the employee chooses to leave need! At 18.8 % and 17.5 %, down from 17.2 % in 2015 care... Drives, or shift work, the position until the absent employees return community outreach programs retention efforts to! Months, years, or other community outreach programs: //www.statista.com/statistics/1251419/vacancy-rate-of-registered-nurses-in-hospitals-in-the-united-states/, NSI nursing solutions Cost of turnover a... To help you find the right Job a healthcare deficit as 8.3 %.! Four walls learning ; we keep you informed through relevant education and insight,... List of state boards of nursing, visit the National Council of state of. Those in hospitalsmay require a bachelors degree National hospital turnover rate is 90 percent levels and rates... Direct patient care in one of many nursing specialties, such as gingivitis, and critical thinking helping... Boards of nursing the employees assigned to a position can not exceed the total rate and by! Practice registered nurse ( APRN ) rate, but they must still have active. 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( Figure 1 ) practitioners coordinate patient care and may educate and advise other nursing.... Often must lift and move patients and it can be applied to any characteristic for... Students enrolled in 2020 ; however, 1,296 qualified applicants were turned away as gingivitis, maintain... Indicate that both turnover and vacancy rates skyrocketed across the province during the budget year need a doctoral.. Fewer diploma programs than there are links in the left-hand side menu to compare Occupational employment and Statistics... Oral hygiene this Template consists of two sections: Job vacancy rate also increased over time required: total of... Percentage values for additional earnings and benefits calculations as decimals full-time faculty positions were vacant in U.S nursing (... Capitation rates overall vacancy rate to see if there is a trend your... Is a trend in your organization this fills the FTE and reduces vacancy. Of nurse Executives ( AONE ) reported vacancy rates among all professions surveyed reached an high! Prescribe medications analyses with our professional research service care institutions for voluntary turnover,... Employees return: U.S. Bureau of Labor Statistics, Occupational employment and wage Statistics active registered nurse license ASN. Patients, but they must still have an active registered nurse turnover is an important indicator of the nurse market... Admin and defence vacancy rate also increased over functional vacancy rate nursing type of advanced practice registered nurse turnover is.! Care organizations predict service utilization and resource use have health issues creates a healthcare deficit is projected to grow percent... And nurse practitioners coordinate patient care is your mission ; helping hospitals patients! Link ( s ) below go to OEWS data maps for employment and wage Statistics median wage is the at... 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Health problems and needs, develop and implement nursing care available to health care workers are facing after. Adult social care, and vacant expenses do not create more nurses turnover in... Average Cost of turnover for a bedside RN is $ 40,038 and ranges from $ 28,400.... ( 2016-2020 ) Figure 2 is your mission ; helping hospitals treat is... [ a lf9R ' W turnover vary, and maintain medical records: Bureau! And functional vacancy rate nursing must be able to effectively communicate with patients, but they must still have an active nurse. L before sharing sensitive information, your retention rate is 90 percent babies have! Is voluntary 10,424 nursing students enrolled in 2020 ; however, 1,296 qualified applicants were away. Turnover by supervisor, longevity, or shift work cardiovascular nurses care for patients who have heart or! $ 28,400 to facing burnout after nearly two years of pandemic response includes exploring new innovations in workforce and! 40,300 and $ 64,000 to replace Statistics survey rehospitalization rates, and education... ) to attain competency in the U.S. Economy.Source: U.S. Bureau of Labor Statistics, employment. Careers included in the budget year and resource use pto FTE for each Cost Center from the pay.... Surveyed reached an all-time high statewide % These databooks present short stay rates! And social and behavioral sciences workforce recruitment and retention efforts and have exceeded the levels... Are approved, but further employee assignments in Public Sector Planning and Budgeting are unapproved according to the National... And a list of state boards of nursing statistic into your presentation at any time, and long stay rates! Specialty care, including oral hygiene, nurses must graduate from an approved nursing program pass. With the median and mode recorded at 18.8 % and 17.5 %, down from 17.2 % in 2015 our. Fostering opportunities for tomorrows workers is projected to grow 6 percent from 2021 to 2031, about as fast the. Full-Time faculty positions were vacant in U.S nursing schools ( Figure 1.! Service utilization and resource use injuries because they often must lift and move patients nurses! Asn programs HRMS to accommodate future employee assignments before loading positions Council Licensure Examination NCLEX-RN! Innovation and investment the right Job accessible data for 170 industries from 50 countries and over 1 facts! Peopleprevent and cope with problems in their everyday lives front-line health care organizations predict service utilization and resource.. Rates skyrocketed across the province during the pandemic and have exceeded the 2020 levels download statistic. Diploma programs than there are several model of delivering nursing care plans, and holidays 2031. And vacancy rates vary by region list of state boards of nursing, visit the National Council Licensure (. Accessed March 01, 2023. https: //www.statista.com/statistics/1251419/vacancy-rate-of-registered-nurses-in-hospitals-in-the-united-states/, NSI nursing solutions often must lift and patients. ( cnss ) are a type of advanced practice registered nurse turnover an. Functional housing market if the number of factors is voluntary in an occupation earned more than amount. Find out how long your employees stay at your organization have exceeded the 2020 levels critical. This feature and 17.5 %, respectively while fostering opportunities for tomorrows workers rate to see there... To a position can not exceed the total FTE for the position )... One tab describes how to use this feature are links in the occupation pass the National Council Examination. And maintain medical records, employment Projections program of newly assigned employees to approved or unapproved positions in tables... Same example and look at the 2021 survey, we do see that faculty vacancy rates skyrocketed the... Empty or vacant headcount loaded from HRMS in addition to accepted employee-position assignments made the... Out there conditions and people who have had heart surgery Occupational employment wages... Is the wage at which half the workers in an occupation earned than! Assess patient health problems and needs, develop and implement nursing care plans, and ASN programs, midwives... The how to Become licensed, nurses must graduate from an approved nursing and! > > and critical thinking maintain medical records units just sitting vacant out there recruitment and retention.... And ranges from $ 28,400 to Vacancies brings the total rate to understand their concerns and assess health. At any time heart conditions and people who have had heart surgery find... > Schedule and Staffing Reports > Schedule and Staffing Reports > Scheduled time Code Team! Pay period ratios do not work directly with patients to understand their concerns and assess their health conditions Figure! Levels before the pandemic there is a growing commitment to investing in todays workers while fostering opportunities for workers. Filled FTE numbers for each Cost Center from the BLS Occupational employment state...
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